Vail Acquires Park City Mountain Resort, Plans Country's Largest Ski Area
Good news for Vail Epic Pass holders: you now have access to yet another world-class ski mountain. Vail Resorts just announced the acquisition (for a cool $185 million in cash) of Utah’s Park City Mountain Resort. Powdr Corp, the former owner of the Utah resort, had been struggling financially in recent years and was embroiled in a legal battle with Talisker, the Canadian company that owns much of the actual ski mountain. It has been increasingly uncertain if the resort would even open for ski season this winter.
Vail has put those concerns to rest, saying that the mountain will not only be ready for skiers this year, but will be joined next winter with neighboring Canyons resort (another Vail property). That would create the country’s biggest ski area at 7,000 skiable acres, dwarfing even the company's flagship Vail Mountain in Colorado. “We wanted to put the ski experience of Park City Mountain Resort and Canyons together since they are adjacent and all it takes is one small lift to join them,” says Rob Katz, chairman and chief executive officer of Vail Resorts. That lift should go up over the summer, and by next winter the sister mountains will offer a seamless experience—complete with new chairlifts, snowmaking facilities, and food options.
In the meantime, Park City Mountain Resort will join the company’s rapidly expanding Epic Pass network, which gives season holders access to Vail’s entire U.S. holdings (now 12 resorts), plus a number of partner mountains across the world, including Niseko on Hokkaido and Verbier, Switzerland.